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January 18, 2005
OMNI Technologies, Inc. Reports Profitable Fourth Quarter and Historic Annual Growth Rate
OMNI Technologies, Inc. (OTI) An established supplier of Engineered Systems, Automation/Process Technology, Skid/Cart Fabrication and Instrumentation Services, today released financial performance information for the fourth quarter 2004. For the quarter ending December 31, 2004, OTI reported revenues of $868 thousand compared to revenues of $359 thousand for the quarter ending December 31, 2003. This increase along with a positive third quarter represents a net increase of 95% in annual revenues for calendar year 2004 over the previous year.
Kulpsville, PA (PRWEB) January 18, 2005 -- “We are pleased to see that OTI has performed well for a second consecutive quarter, this is an important trend for the company’s financial health as well as an indicator that our ‘Transformation Initiative’ is being embraced by our market segments,” said Carmela Fabiano, President of OMNI Technologies, Inc.
Greg Cicio, Director of Sales/Marketing commented, “We are firing on all cylinders! Sales are up for all three business units (Systems Integration, Field Services, Productized Solutions). We’ve added new customers, increased our value to existing strategic customers, expanded our process system maintenance/calibration services group, improved our skid/cart/panel fabrication processes, aggressively tightened our internal quality business practices, and began a progressive campaign to develop global representation for our CIP-Cart Products. All-in-all it was a pretty great year but it’s only the beginning.”
OMNI Technologies, Inc is a Woman Business Enterprise (WBE) with a 15 year history of providing Industrial Control Services: Design, Engineering, Project Management, Programming, Installation, Validation Documentation, Project Implementation, Operations & Maintenance Training, and Lifecycle Service Agreements. OMNI has worked with a veritable who's who of regulated manufacturers across vertical markets such as: Pharmaceuticals Finishing, Medical Device Manufacturing, Batch/Continuous Process, Water Systems, and Refining Operations.
Posted by Industrial at January 18, 2005 07:43 PM